Word: wharton
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...maker behind Pickens and most other corporate sharks is the investment firm Drexel Burnham Lambert, which controls nearly 75% of the junk- bond market. Drexel's Michael Milken, 39, developed today's market in junk bonds almost single-handed after researching them in 1969 as an M.B.A. student at Wharton School. Milken showed that junk bonds defaulted only slightly more often than prestige certificates, yet paid interest rates 3% to 4% higher. During the late 1970s, he patiently persuaded such big investors as pension funds and banks that the bonds were safe, and Drexel began issuing mounds of them. Milken...
Steinberg has been making deals for a quarter of a century. While preparing his senior thesis on IBM at the Wharton School of the University of Pennsylvania in 1959, he got an idea. Why not buy IBM computers on credit and then lease them for less than IBM charged? His father staked him $25,000, and Steinberg in 1961 formed his own leasing company, which later became Leasco. By 1965, when it offered stock to the public, Leasco had assets of $5.4 million and was growing fast...
...major purchasers of the software are other graduate business schools, such as Stanford, Wharton and Northwestern, and companies which employ the case method in internal training programs, Segal said...
...oldest of six brothers and one sister, Anderson grows rice on 1,800 acres in Wharton and Colorado counties. That makes him a big operator, but he has had to retrench. He dropped the lease on 2,200 acres he was renting because "I was losing money on it." Anderson has let some of his field hands go, but wants to keep on a nucleus in case things get better...
Largely as a consequence, SUNY's trustees and the heads of its 64 campuses have lacked the authority to build a first-class university. Even Chancellor Wharton cannot shift a secretarial position or substantially expand a department without permission from the state division of the budget. Tuition money is bled away to pay off old construction debts. And there is not enough new money to lure crack faculty or beef up the graduate curriculum. Under the dead hand of such regulations, continues the report, SUNY is "well behind" other major public universities in research and graduate education...